A 50% waive in my BPI annual fee
After two months of emailing BPI (see first post), it has finally given me a 50-percent waive of the annual fee of my BPI World Perks. This is quite significant as this means P1,250 savings on my part. Yes, the annual fee of BPI World Perks is P2,500, which is why I was hell-bent on getting the waive.
Here’s the email I received from BPI E-mail Banking Team.
Greetings from BPI Express Online!
We apologize for the delay in our reply. We have your request re-evaluated and we are pleased to inform you that 50% of the annual membership fee was already reversed. You may confirm this by checking on your next statement of account.
If you need further assistance or have other concerns, you may send us an e-mail at firstname.lastname@example.org.
Thank you for choosing to bank with us online!
The BPI E-mailbanking Team
Thank you for all who commented and gave their support and tips on how to waive the annual fee. May this experience be helpful to everyone who’s wanting to get a waive for their credit card annual fee.
As a final note, I know that many think that credit card holders are not entitled to any waive of annual fee and that the waive is merely a favor given by credit card companies. I do respect your views but I also believe that credit card holders have the right to demand for a waive. After all, credit card companies charge an average of 3.5% interest every month and the waive is but a small amount from their coffers.
Pinay and Money advocates taking charge of our personal finance and this includes saving money where it can. If this means, demanding the credit card company for a waive, then by all means, do so.